How to Transfer Physical Shares After Death – Step-by-Step Guide to Shares Transmission Procedure
Are you looking to transfer shares after the death of a loved one? Understanding the Shares Transmission Procedure is essential if you're a legal heir or nominee of a deceased shareholder. With more investors holding old paper share certificates, it’s also crucial to know how to convert physical shares to Demat for secure and easy management. At Share Claimers, we make the process simple and hassle-free. ✅ What is Transmission of Shares? Transmission of shares is the process of transferring shares to the legal heir(s) or nominee when the original shareholder passes away. Unlike regular transfer (which involves a sale or gift), transmission happens by operation of law. 📜 Shares Transmission Procedure – Simple Steps Here’s how the Shares Transmission Procedure works: Check Nominee or Legal Heir : If a nominee is registered, shares are transmitted to them. If not, the legal heir must provide proof. Collect Required Documents : Death certificate (attested copy) ...